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/ 13 September 2007
South Africa’s solid economic fundamentals should help it weather current turmoil in global financial markets, Finance Minister Trevor Manuel said on Wednesday. South Africa’s rand currency and stock markets have swung wildly over the past few weeks amid turmoil in financial markets in the face of a global credit crunch.
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/ 13 September 2007
Oil prices dipped on Thursday but held near the previous day’s record high above a barrel, as dealers watched a hurricane in the Gulf of Mexico after a sharp fall in United States crude stocks. US crude traded 12 cents lower at ,79 a barrel by 8.39am GMT, after climbing ,68 on Wednesday, when it hit a record of ,18.
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/ 13 September 2007
The Cape High Court-appointed curators of the Fidentia Group have found money stolen from investors who entrusted their savings to companies in the organisation. Co-curator George Papadakis said: ”We know where every cent is and who has got it. Some have offered to repay; others are choosing to fight us.”
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/ 13 September 2007
South Africa’s current-account deficit decreased to 6,5% of the gross domestic product in the second quarter of the year, down from 6,9% in the first, the South African Reserve Bank said on Thursday. This was mainly due to the raised demand for South African exports in the second quarter.
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/ 13 September 2007
Indonesia’s Sumatra island was pounded by aftershocks on Thursday after a massive earthquake killed at least eight people and buried many others under collapsed buildings. Tsunami warnings were repeatedly issued and lifted for Indian Ocean countries after the magnitude 8,4 earthquake, the biggest this year.
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/ 13 September 2007
An Indonesian court sentenced the brother of British celebrity chef Gordon Ramsay to 10 months in prison on Thursday for heroin possession on the resort island of Bali. Ronald Ramsay was arrested in February after entering a supermarket in Bali’s main tourist strip, Kuta. Police said they seized 100mg of heroin from him.
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/ 13 September 2007
South Africa on Wednesday marked the 30th anniversary of Steve Biko’s murder as the country’s current leaders face accusations they have neglected the poor masses. His legacy is a rallying cry for some of the discontented, who believe the ANC leadership have placed the interests of the business community above those of the country as a whole.
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/ 13 September 2007
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England head into Friday’s crunch clash against South Africa with the key duty of goal-kicking set to be given to a man who has yet to score a Test match point in the union game. Andy Farrell was a prolific goal-kicker in rugby league but since his transfer from Wigan to Saracens in March 2005 has struck precious few kicks.
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/ 13 September 2007
A team of 30 rescue-workers stretchered an injured base-jumper off Table Mountain at 10pm on Wednesday after an operation lasting eight-and-a-half hours, said Wilderness Search and Rescue. The 19-year-old hurt his back and ribs and sustained other minor injuries when he plummeted 30m down Platteklip Gorge at 2pm.
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/ 13 September 2007
Eyewitnesses have claimed that the engine of a two-seater Tiger Moth failed before it crashed into a truck, bus and car on a road in Ennerdale on Wednesday. A passenger in the plane died in the crash, which also killed the driver of the Iveco bus and injured 23 of the 40 security guards on board.